Henderson trust: Profit growth expected for Asia Pacific ex-Japan

5-7%

Henderson Far East Income trust is predicting 5-7% profit growth from Asia Pacific ex Japan in 2022/23 following a period of slower growth to the rest of the world coming out of the pandemic.

The trust has published its latest Global Profit & Income Barometer, which found profits across the globe were up by 64.8% in 2021/22 to £3.9trn. This barometer looks at companies with year ends between 1 April 2021 and 31 March 2022. For the vast majority of companies, that means profits either the during the 12 months to the end of Dec 2021 or during the 12 months to the end of March 2022. The Asia Pacific ex Japan region saw slower growth of 27.6% to £1.1trn, behind the rest of the world. Analysts at the trust said this was in part due to the "negligible" impact Covid-19 had on the...